TSXV:GTT

Stock Analysis Report

Executive Summary

GT Gold Corp. primarily engages in the acquisition, exploration, and development of mineral properties in Canada.

Snowflake

Fundamentals

Flawless balance sheet with weak fundamentals.

Share Price & News

How has GT Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-8.7%

GTT

-2.4%

CA Metals and Mining

-0.4%

CA Market


1 Year Return

-47.8%

GTT

11.3%

CA Metals and Mining

0.9%

CA Market

Return vs Industry: GTT underperformed the Canadian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: GTT underperformed the Canadian Market which returned 0.9% over the past year.


Share holder returns

GTTIndustryMarket
7 Day-8.7%-2.4%-0.4%
30 Day-16.8%-2.9%-2.1%
90 Day-6.7%0.4%-1.5%
1 Year-47.8%-47.8%12.3%11.3%4.4%0.9%
3 Yearn/a-6.6%-8.4%15.7%5.4%
5 Yearn/a4.8%0.8%26.1%7.9%

Price Volatility Vs. Market

How volatile is GT Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is GT Gold undervalued based on future cash flows and its price relative to the stock market?

7.21x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Undervalued: Insufficient data to calculate GTT's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate GTT's fair value to establish if it is undervalued.


Price Based on Earnings

PE vs Industry: GTT is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: GTT is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price Based on Expected Growth

Low PEG Ratio: Insufficient data to calculate GTT's PEG Ratio to determine if it is good value.


Price Based on Value of Assets

PB vs Industry: GTT is overvalued based on its PB Ratio (7.2x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is GT Gold expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

44.4%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as GT Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has GT Gold performed over the past 5 years?

-65.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GTT is unprofitable, and losses have increased over the past 5 years at a rate of -65.3% per year.

Accelerating Growth: Unable to compare GTT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GTT is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (-13.7%).


Return on Equity

High ROE: GTT has a negative Return on Equity (-87.36%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GTT is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GTT is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is GT Gold's financial position?


Financial Position Analysis

Short Term Liabilities: GTT's short term assets (CA$18.7M) exceeds its short term liabilities (CA$7.9M)

Long Term Liabilities: GTT's short term assets (CA$18.7M) exceeds its long term liabilities (CA$80.4K)


Debt to Equity History and Analysis

Debt Level: GTT is debt free.

Reducing Debt: GTT has no debt compared to 5 years ago when its debt to equity ratio was 748.1%.


Balance Sheet

Inventory Level: GTT has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if GTT's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GTT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: GTT has sufficient cash runway for 1.042734 years if free cash flow continues to reduce at historical rates of -82.7% each year.


Next Steps

Dividend

What is GT Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%6.0%industryaverage1.4%forecastin3Yearsn/a

Current dividend yield vs market & industry


Dividend Yield and Payments Analysis

Notable Dividend: Unable to evaluate GTT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate GTT's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if GTT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GTT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GTT's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of GT Gold's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average management tenure


CEO

Paul Harbidge (49yo)

0.08yrs

Tenure

0

Mr. Paul D. Harbidge serves as President, Chief Executive Officer and Director at GT Gold Corp. since September 03, 2019. Mr. Harbidge was Senior Vice President, Exploration of Goldcorp Incorporated from 2 ...


Management Age and Tenure

1.6yrs

Average Tenure

Experienced Management: GTT's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.


Board Age and Tenure

1.8yrs

Average Tenure

57yo

Average Age

Experienced Board: GTT's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: GTT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$23,03030 Sep 19
Paul Harbidge
EntityIndividual
Role
Chief Executive Officer
President
Shares25,000
Max PriceCA$0.92
BuyCA$76,31318 Sep 19
Paul Harbidge
EntityIndividual
Role
Chief Executive Officer
President
Shares75,000
Max PriceCA$1.02
BuyCA$23,75010 Sep 19
Charles Greig
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares25,000
Max PriceCA$0.95
BuyCA$35,00322 Dec 18
Charles Greig
EntityIndividual
Role
Member of the Board of Directors
VP of Exploration & Director
Shares60,350
Max PriceCA$0.58
BuyCA$20,00027 Nov 18
Stephen Burleton
EntityIndividual
Role
Senior Key Executive
Consultant
Shares25,000
Max PriceCA$0.80
BuyCA$25,75022 Nov 18
Stephen Burleton
EntityIndividual
Role
Senior Key Executive
Consultant
Shares25,000
Max PriceCA$1.03
SellCA$67,34223 Oct 18
Taj Singh
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares37,412
Max PriceCA$1.80

Ownership Breakdown


Management Team

  • Paul Harbidge (49yo)

    President

    • Tenure: 0.08yrs
  • Ashwath Mehra (54yo)

    Executive Chairman

    • Tenure: 2.9yrs
    • Compensation: CA$264.98k
  • Steve Burleton

    Consultant

    • Tenure: 0.08yrs
    • Compensation: CA$652.96k
  • Charles Greig

    VP of Exploration & Director

    • Tenure: 2.9yrs
    • Compensation: CA$296.57k
  • Amandip Singh

    Director of Corporate Development

    • Tenure: 1.8yrs
  • Paul Kania

    Acting Chief Financial Officer

    • Tenure: 1.6yrs
    • Compensation: CA$69.98k

Board Members

  • Adrian Reynolds (65yo)

    Independent Non-Executive Director

    • Tenure: 0.8yrs
  • John Pallot (71yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: CA$80.63k
  • Renaud Adams (49yo)

    Independent Director

    • Tenure: 1.3yrs
  • Charles Tarnocai

    Independent Director

    • Tenure: 1.8yrs
    • Compensation: CA$143.78k
  • Paul Harbidge (49yo)

    President

    • Tenure: 0.08yrs
  • Ashwath Mehra (54yo)

    Executive Chairman

    • Tenure: 2.9yrs
    • Compensation: CA$264.98k
  • Taj Singh

    Lead Independent Director

    • Tenure: 2yrs
    • Compensation: CA$125.32k
  • Jim Rutherford (60yo)

    Independent Non Executive Director

    • Tenure: 0yrs
  • Charles Greig

    VP of Exploration & Director

    • Tenure: 2.9yrs
    • Compensation: CA$296.57k
  • Dale Finn

    Director

    • Tenure: 0.3yrs

Company Information

GT Gold Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: GT Gold Corp.
  • Ticker: GTT
  • Exchange: TSXV
  • Founded: 2013
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$97.488m
  • Shares outstanding: 116.06m
  • Website: https://www.gtgoldcorp.ca

Location

  • GT Gold Corp.
  • 36 King Street East
  • Suite 400
  • Toronto
  • Ontario
  • M5C 1E5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GTTTSXV (TSX Venture Exchange)YesCommon SharesCACADNov 2016
GTGD.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2016
1JZDB (Deutsche Boerse AG)YesCommon SharesDEEURNov 2016

Biography

GT Gold Corp. primarily engages in the acquisition, exploration, and development of mineral properties in Canada. It explores for gold, silver, and copper. The company’s flagship property is the Tatogga pr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 03:11
End of Day Share Price2019/10/11 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

© 2018 SIMPLY WALL STREET PTY LTD, COMMUNITY DESIGN 2845206, US DESIGN PATENT #29/544/281, EUROPEAN DESIGN REGISTRATION #2845206, STANDARD & POOR’S FINANCIAL SERVICES LLC. ALL RIGHTS RESERVED.

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Copyright © 2018, Standard & Poor’s Financial Services LLC. Reproduction of S&P Capital IQ in any form is prohibited except with the prior written permission of S&P. S&P does not guarantee the accuracy, adequacy, completeness or availability of any information and is not responsible for any errors or omissions, regardless of the cause or for the results obtained from the use of such information. S&P DISCLAIMS ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. In no event shall S&P be liable for any direct, indirect, special or consequential damages, costs, expenses, legal fees, or losses (including lost income or lost profit and opportunity costs) in connection with subscriber’s or others’ use of S&P Capital IQ. (2018)